UW Budget Reduction Information Available on Website

As part of President Laurie Nichols’ commitment to transparency regarding budget and other issues, the site contains documents related to reductions being made in the fiscal year that begins July 1; guiding principles the university will follow through the budget-reduction process; her declaration of a financial crisis under UW regulations; academic and non-academic program reviews; and long-term plans to improve UW’s financial situation.

The reductions are a result of a drop in the university’s state block grant, driven by Wyoming’s economic downturn and loss of state government revenue. For the biennium that begins July 1, UW faces a loss of nearly $41 million in state funding. In addition, the university needs to reallocate dollars internally to cover costs related to a new financial and reporting system, increased utility expenses and other needs. For the biennium, that brings the total of necessary reductions to more than $50 million.

Nichols continues to invite input from the campus community and others. People are encouraged to email their comments and ideas to uwpres@uwyo.edu.